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good morning. >> good morning, the country did go over fiscal cliff but congress have fixed the mess. what they passed is retroactive, 90% of americans will not see a change in tax rates. >> they finally got it done. congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat. house republicans had not want to raise taxes without significant cuts. >> there is no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> but republicans decided to the to lengthen the fight. >> what is the alternative? go out $4 trillion of tax hikes for the american people, market uncertain. >> the bill shields people earning less than $400,000 a year from tax increases and extends unemployment benefits for roughly 2 million people. what it does not do is raise the so-called debt ceiling. in two months the government will reach its limit on borrowing
good morning. >> good morning, the country did go over fiscal cliff but congress have fixed the mess. what they passed is retroactive, 90% of americans will not see a change in tax rates. >> they finally got it done. congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat....
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Jan 2, 2013
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so has our addiction. >> reporter: this fiscal cliff is over but congress will have another standoff when lawmakers must consider raising the federal borrowing limit so the government can keep paying its bills. tomorrow mr. obama warned he will not have a debate over this congress. >> someone gets swept out to see. this time a couple was out walking their dog when they were hit by a dangerous wave. cbs 5 reporter on the rescue and how it ended. >> a couple out for a new year's day walk got into serious trouble when they were hit by a sneaker wave. the woman and dog were knocked down. the man jumped in after them. this happened this after. >> while that was happening either the dog was trying to be rescued by the husband or he was trying to assist with her and he was swept out and they were unable to get him. >> the dog made it back to shore. the 59-year-old man did not. a witness said he tried to save him. he was floating about 80 yards off shore. >> we were going to throw a rope but we saw he wasn't reacting. >> the coast guard, marine county fire department launched a search. on a
so has our addiction. >> reporter: this fiscal cliff is over but congress will have another standoff when lawmakers must consider raising the federal borrowing limit so the government can keep paying its bills. tomorrow mr. obama warned he will not have a debate over this congress. >> someone gets swept out to see. this time a couple was out walking their dog when they were hit by a dangerous wave. cbs 5 reporter on the rescue and how it ended. >> a couple out for a new year's...
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Jan 15, 2013
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that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, it will be overis, and that is going to bringis warmer weather. so warmer weather on the horizon, it's not going to be here in time for tomorrow morning. tomorrow morning very cold once again. lows sinking back into the 20s and 30s. if you're just joining us, freeze and frost advisories once again, freeze for our inland valley location,, that frost will be with you as you start the day, perhaps even a little bit of black ice. tomorrow morning 27 in santa rosa
that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east...
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Jan 15, 2013
01/13
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that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, it will be overis, and that is going to bringis warmer weather. so warmer weather on the horizon, it's not going to be here in time for tomorrow morning. tomorrow morning very cold once again. lows sinking back into the 20s and 30s. if you're just joining us, freeze and frost advisories once again, freeze for our inland valley location,, that frost will be with you as you start the day, perhaps even a little bit of black ice. tomorrow morning 27 in santa rosa
that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east...
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Jan 1, 2013
01/13
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as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
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were battling over the fiscal cliff. >> this morning a warning is going out to anyone who dropped off mail at the main post office recently in almeda. a big, box was stolen last weekend which was next to a parking lot. it is unclear when it was stolen or when workers last picked up the mail from it. check to see if any mail you sent has arrived. they advise customers to check credit cards and bank statements for unusual activists. >> crews are working in san francisco installing a light sculpture on the bay bridge. we got a close up look of the job with workers putting up the first of 25,000 l.e.d. lights on the cables of the western span. when the project is finished the bridge will be the largest light sculpture and the lights will twinkle in ever-changing patterns. our reporter will have a live report on the bay lights at 5:00 >> flooding caused by high tides is forcing cal tran to close the park-'n-ride over the next few weeks starting toll in mill valley. the lot at shoreline highway was a trouble spot dug the storms. several cars suffered damage with users not warned of potentia
were battling over the fiscal cliff. >> this morning a warning is going out to anyone who dropped off mail at the main post office recently in almeda. a big, box was stolen last weekend which was next to a parking lot. it is unclear when it was stolen or when workers last picked up the mail from it. check to see if any mail you sent has arrived. they advise customers to check credit cards and bank statements for unusual activists. >> crews are working in san francisco installing a...
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Jan 12, 2013
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the president avoided the so-called fiscal cliff, they did not extend the payroll tax cuts. that means a 2% increase to i don't really social security tax went into effect this month. bottom line, the average american that pulls in $1700 a check, lost $33 a check. >> the 49ers beat the packers in the first game of the season at green bay, so homefield advantage will hopefully mean a big win at the stick. >>> san francisco mayor, and the mayor of green bay are making a friendly wager on the game and this bet has an educational twist. if the 49ers win, green bay will sponsor special tours for hundreds of san francisco kids at the exploratorium when it opens at the new home at pier 15 in april. if the niners lose, san francisco will sponsor a free admission day at the children's museum of green bay a. if the game comes down a field goal, it will be a familiar face doing the kicking. jim harbaugh said his original guy, david akers is still his guy. despite missing a nfl high 13 field goals this season. >> okay, so only of us or most of us will be glued to the set watching the ga
the president avoided the so-called fiscal cliff, they did not extend the payroll tax cuts. that means a 2% increase to i don't really social security tax went into effect this month. bottom line, the average american that pulls in $1700 a check, lost $33 a check. >> the 49ers beat the packers in the first game of the season at green bay, so homefield advantage will hopefully mean a big win at the stick. >>> san francisco mayor, and the mayor of green bay are making a friendly...
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part of the fiscal cliff deal. but the california exemption lapsed at the end of%+] 2012 so it's considered taxable income. >> for lenders to do principal reduction and encourage borrowers and last thing you want is at the end of the year to get hit with a tax bill. it will be a boon to homeowner autos but homeowner woz have paid taxes on amountsing for given through short sales, loan modifications and foreclosures. >> still to come jentsing day for a man that went to extremes to stalk his exgirlfriend. >> a mother under arrest for reporting her son missing. and wait until you hear where police found him. >> i'm sandhya patel. live from the roof of the broadcast center time to start searching for umbrellas. we have rain coming to town this weekend. i'll have timing coming up. >> it's the end of a football legacy. the coach putting down a clip board after three decades. >>> authorities respond to a call about a missing autistic child arrested the mother after the child was found in her messy apartment. the 30-year-
part of the fiscal cliff deal. but the california exemption lapsed at the end of%+] 2012 so it's considered taxable income. >> for lenders to do principal reduction and encourage borrowers and last thing you want is at the end of the year to get hit with a tax bill. it will be a boon to homeowner autos but homeowner woz have paid taxes on amountsing for given through short sales, loan modifications and foreclosures. >> still to come jentsing day for a man that went to extremes to...
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Feb 22, 2013
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. >>> less than two minutes since the "fiscal cliff" brinksmanship. >> this is a problem congress can solve. >> congress can stop automatic cuts before march 1 if they reach a deal. if not $85 billion in forced spending reductions would impact nearly every federal agency. but instead of trading ideas, the two sides are mostly trading blame. >> all of this is kind of compounding about a mon -- every month there's another crisis that's manufactured by the president and the congress and that's no way to run an operation. >> the house and senate are on break. they will have four days to negotiate when they return to washington next week. >>> you don't like the weather just wait. >> you will have a long wait because winter went somewhere else. >> there's so much winter in other parts of the country that while we sit here and enjoy surgeon, 60 degrees, about every day you will see the forecast coming up in the second with sunshine for the next week, this is what's going on in the rest of the country. freezing rain in little rock, arkansas. snow on the farms from colorado through kansas all
. >>> less than two minutes since the "fiscal cliff" brinksmanship. >> this is a problem congress can solve. >> congress can stop automatic cuts before march 1 if they reach a deal. if not $85 billion in forced spending reductions would impact nearly every federal agency. but instead of trading ideas, the two sides are mostly trading blame. >> all of this is kind of compounding about a mon -- every month there's another crisis that's manufactured by the...
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Jan 3, 2013
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. >> our coverage of the fiscal cliff continues next on "nightly news," see how the deal will change congressional leadership. and despite what you are hearing from most in congress, this deal includes a lot of extras. get a reality check on how much money is being spent on everything from rum production to nascar track. that is coming up at 6:00, there's bitterness within the party, republican politicians from new jersey and nuew york blasted the house leaders. here is why, the house of representatives unexpectedly scrapped a vote on a $60 million aid page to victims of sandy. >> there's one group to blame for the continued suffering of these innocent victims. the house majority and their speaker, john boehner. >> house speaker boehner later met with his colleagues and changed course and assured them that the house will vote on the aid package this friday and the rest of the aid package by january 15th. the bay area saw a round of chilly weather today, many of us woke up to below freezing temperatures, as you can see, meant frost on the windshield. we have a first look at the foreca
. >> our coverage of the fiscal cliff continues next on "nightly news," see how the deal will change congressional leadership. and despite what you are hearing from most in congress, this deal includes a lot of extras. get a reality check on how much money is being spent on everything from rum production to nascar track. that is coming up at 6:00, there's bitterness within the party, republican politicians from new jersey and nuew york blasted the house leaders. here is why, the...
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Jan 5, 2013
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it is an accurate historical record of who the women in congress are. >> you can blame the fiscal cliff if your tax refund is delayed. the irs cannot put out tax forms until it knows what the tax policy is. congress did not reach a deal until january 1st, so the agency is trying to reprogram systems and issue tax forms based on the revised laws. this could delay the start of the tax filing season which usually begins in mid-january. >> but they don't like it when we are late. >> exactly. >>> let's talk about the weather. a little rain for the weekend. >> change is coming. sand yaw patel is here. >> carol lip and dan, a little is the key here. we are not expecting the weekend to be a washout. i want to show a beautiful time lapse from the east bay hills camera. sunset at 5:04. those clouds are adding to a little more moisture in the atmosphere. and so the temperatures tonight are running a good 1 to 5 degrees, actually higher than where they were yesterday. that's a good sign they are not going to be as cold as what we have seen in the last couple days. here is a look at live doppler 7hd
it is an accurate historical record of who the women in congress are. >> you can blame the fiscal cliff if your tax refund is delayed. the irs cannot put out tax forms until it knows what the tax policy is. congress did not reach a deal until january 1st, so the agency is trying to reprogram systems and issue tax forms based on the revised laws. this could delay the start of the tax filing season which usually begins in mid-january. >> but they don't like it when we are late....
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Jan 9, 2013
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tax code made by the deal congress struck to avoid the fiscal cliff. some households claiming things like residential energy credits may have to wait to file until late february or early march. back to you. >> thank you very much. >> 4:45. yosemite park officials announcing a plan to protect a river in the park. the court ordered plan will restore more than 200 acres along the mersed river. it adds shuttle buses and alters roadways to ease traffic congestion. it will not reduce the number of people who visit the park every day. that number stands at nearly 20,000. another change being considered, closing the winter time ice rink to make room for 200 new camp sites. if approved the $235 million project will take 15 years to complete. beautiful. >> i was going to say that shot makes us want to get out to the park. yesterday was spectacular, christina loren. it was gorgeous. >> really nice. today everything changes. unfortunately. we like inconsistency. temperatures this morning are chilly. we have the thick fog again. less than a quarter mile visibility
tax code made by the deal congress struck to avoid the fiscal cliff. some households claiming things like residential energy credits may have to wait to file until late february or early march. back to you. >> thank you very much. >> 4:45. yosemite park officials announcing a plan to protect a river in the park. the court ordered plan will restore more than 200 acres along the mersed river. it adds shuttle buses and alters roadways to ease traffic congestion. it will not reduce the...
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the obamas returning from their rayian holiday which was interrupted by the fiscal cliff negotiations. president obama's weekly although address repeated that he will not negotiate raising the debt limit to raise bills congress has already racked up. you may recall last year that resulted in the nation's credit rating taking a dive. and the congressional debate over taxes versus spending is anything but over. >>> we are talking about looking at the tax code, putting everything on the table from the standpoint of closing loopholes. and we know that we can do that. special subsidies for big oil, for example, $38 billion right there. >> and meanwhile republican leaders coming off the fiscal cliff agreement feel the issue of taxation is now resolved and it's time to focus on reducing the federal deficit by spending less. senate majority leader mitch mcconnell made that clear this morning when he appeared on abc's "this week" with george stephanopoulos. >> the tax issue is finished, over, completed. that's behind us. now the question is what are we going to do about the biggest problem con
the obamas returning from their rayian holiday which was interrupted by the fiscal cliff negotiations. president obama's weekly although address repeated that he will not negotiate raising the debt limit to raise bills congress has already racked up. you may recall last year that resulted in the nation's credit rating taking a dive. and the congressional debate over taxes versus spending is anything but over. >>> we are talking about looking at the tax code, putting everything on the...
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Jan 2, 2013
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i -- there's basically three more fiscal cliffs that congress is facing right now, right? >> reporter: the debt limit in february. the automatic march and the third is a temporary budget runs out -- runs out at the end of march. that will present more situations and battling. it might be a very rough start to the new year in terms of political battling between democrats and republicans. of course, the white house, as well. >> all right. jamie dupree, joining us live from washington, d.c. you can find a link to jamie's blog at ktvu.com. pull down the news bar. >>> all right, tori. 7:20. for the first time there is a new study that says fructose sugar may make you overeat. tests show that fructose, a type of sugar can cause changes in the brain that make you overeat the -- overeat. it found drinking a beverage with fructose, the brain does not register the feeling of being full like with other simple sugars. although the study doesn't prove it causes obesity, it does add to the evidence it may contribute to it. >> something to think about in the new year. >>> 7:20. it's real
i -- there's basically three more fiscal cliffs that congress is facing right now, right? >> reporter: the debt limit in february. the automatic march and the third is a temporary budget runs out -- runs out at the end of march. that will present more situations and battling. it might be a very rough start to the new year in terms of political battling between democrats and republicans. of course, the white house, as well. >> all right. jamie dupree, joining us live from washington,...
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Jan 4, 2013
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past and another fiscal cliff just weeks away. nbc bay area's tracie potts is in washington with the latest. >> reporter: with the new congress officially at work, here's what's happening today. a vote later this morning on 9 billion in aid for superstorm sandy victims. the first part of a larger package they'll take up later this month and vice president biden presides as lawmakers count electoral votes from last fall's election. there's a big debate ahead over defense and other budget cuts. >> we must ensure that innovation rests at the heart of our success. >> our government has built up too much debt. our economy is not producie ini enough jobs. these are not separate problems. >> reporter: john boehner back as speaker presiding over a smaller republican majority. in the senate, republicans vow not to raise the debt ceiling again unless congress cuts spending. >> the first step in this debate is for democrats to get over their fanatical commitment of spending every dime the government got its hands on. it has to stop. >> a fut
past and another fiscal cliff just weeks away. nbc bay area's tracie potts is in washington with the latest. >> reporter: with the new congress officially at work, here's what's happening today. a vote later this morning on 9 billion in aid for superstorm sandy victims. the first part of a larger package they'll take up later this month and vice president biden presides as lawmakers count electoral votes from last fall's election. there's a big debate ahead over defense and other budget...
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Jan 2, 2013
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ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is slightly off, but remaining up more than 200 points. it's up now 235 at 13,339. well, despite the fiscal cliff deal, everyone's paycheck will still be at least a little bit smaller this year. ktvu's janine de la vega is in los gatos to explain about the end of the payroll tax holiday. >> reporter: good afternoon. this tax cut has expired and it will affect every wage earner. most people that we spoke to this morning had no idea that it would affect their paychecks this year. now, here's what workers need to know -- the -- the past two years, americans were enjoying a
ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is...
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the late fiscal cliff deal if your tax refund is late this year. the irs can't put out tax forms until it knows what the tax policy is and since congress didn't reach a deal until 9 1st, they are trying to re-program its system. this could delay the start of the tax filing season which usually begins in mid-january. >>> intelligent transportation is expected to be a major focus of consumer electronics show in las vegas. david louie gives us a preview of what the future holds and what will be unveiled next week. >> reporter: for two and a half years, engineers at cisco in san jose are working on smart connected vehicles. they can talk to each other. the avoid collisions. some of those issues are being addressed by a new breed of self-driving car. google has been testing them. next toyota will unveil theirs. cisco says there is more to be done. >> self-driving cars if it is only a segment of the car, not all cars really doesn't solve the problem but if we enable all cars to be connected and have self-driving mechanisms, the sfutd much closer. >> cisc
the late fiscal cliff deal if your tax refund is late this year. the irs can't put out tax forms until it knows what the tax policy is and since congress didn't reach a deal until 9 1st, they are trying to re-program its system. this could delay the start of the tax filing season which usually begins in mid-january. >>> intelligent transportation is expected to be a major focus of consumer electronics show in las vegas. david louie gives us a preview of what the future holds and what...
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Jan 2, 2013
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he's been the chief negotiator with congress on the fiscal cliff. that was a good thing for biden after his foot in the mouth style often got him in trouble wi thwith the boss in 2012. but last night all was forgiven. >> i want to thank the work that was done by my extraordinary v ce & respvicidee president >> a presidential ata boy. >> happy new year. >> the white house sent the vice president to the capital twice to&